Tag: industry news
Tesla seeks lithium refinery on Texas coast, but not without tax...
Tesla is investigating the feasibility of a new lithium hydroxide refining facility on Texas’s gulf coast. The electric vehicle company sent a letter to...
Update: Treasury Sec. Yellen pushes economic resilience at Ford EV plant...
9/12/2022: US Treasury Secretary Janet Yellen made a visit to Detroit late last week, during which she had lunch with Detroit Mayor Mike Duggan,...
Biden Administration announces strategy for $50 billion CHIPs Act spending
Earlier this week, the US Department of Commerce outlined plans for a rollout of $50 billion in funding for domestic semiconductor chip manufacturing as...
Jeep unveils four EV additions to lineup, two will be released...
Jeep released more information regarding additions to its all-electric lineup and the company’s plans to increase the percentage of EVs in its portfolio. The...
Market outlook reaches record low according to Cox Automotive’s Q3 Dealer...
The Cox Automotive Dealer Sentiment Index for the third quarter of 2022 shows that auto dealers have a mostly pessimistic view of the market, likely...
EV startup Harbinger will debut next week at the Detroit Auto...
Visitors to the Detroit Auto Show will get the chance to meet the new EV startup company, Harbinger Motors Inc. The California-based startup will...
Fed officials likely to hike interest rates another 0.75 percentage point
On August 26, in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell made a public pledge to reduce inflation, even at the expense of the...
EV maker Polestar doubles revenue to $1 billion in first-half of...
Polestar is positioning itself to be a dominant force in the EV market. The company announced newly updated financials for the first half of...
Toyota refines BEV development strategy, aims to reduce battery costs by...
Toyota is making moves that the company hopes will speed its development pace for battery electric vehicles, including significant investments in properties in the...
Demand for EV production far outpaces mineral supply from US mining...
President Joe Biden’s recently passed Inflation Reduction Act is positioned to help the country reach its goal of reducing greenhouse gas output by 40%...